2016 STRATMOR LOS Technology Insight Results

STRATMOR Technology Insight Results are Available for Purchase
   

Survey Background

Summary Results and STRATMOR Commentary for 2016 STRATMOR Technology Insight Survey are now available for purchase.

  • 266 lenders participated
    • 108 banks / 153 Independents/Builders / 5 Other
    • Range in size from Under $250 million to $10 billion in volume annually

To download a sample of the report, click here.

The survey cost is $4,000. Participants receive a discount price of $2,500. Note: Participants will need the participant discount code during the purchase process. If you were a participant and do not have your code, please email us at technologyinsight@stratmorgroup.com.

The 2016 results cover the following topics:

  • LOS Market Share
  • Overall Satisfaction
  • User Experience
  • Implementation Experience
  • Expenditures
  • Required Resources

In addition to these topics, the survey also includes information regarding other mortgage technologies that work with an LOS throughout the process such as:

  • Document Preparation
  • Lead Management/CRM
  • Point of Sale
  • Pricing Engine Software

Preview of Survey Results:

Q: Other than Ellie Mae - Encompass, what LOS system do most lenders use?

A: Our findings on market share are based on the number of lenders that responded to either the 2014 or 2016 STRATMOR LOS Technology Insight Survey. By combining the two sets of responses, the data sample is expanded to 266 unique lenders, including both Banks and Independents of all sizes.

The chart below displays the Top 10 Loan Origination Systems based on the number of companies who reported using a system. Not surprisingly, Ellie Mae - Encompass has the largest market share in terms of companies using its system.

Tech_Insight_Chart

 

Note that this survey was conceived of and is being managed solely by the STRATMOR Group, an independent consulting firm, in response to client requests.


 


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